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Notes to Consolidated Financial Statements

Note 12: LEASE COMMITMENTS

The Company leases facilities and equipment under noncancelable operating leases. Rental expense under long-term operating leases of real property,vehicles and other equipment was $4,039,000 in 2007, $3,774,000 in 2006, and $3,786,000 in 2005. Future rental commitments were as follows as of November 30, 2007:

(In thousands)

Years ending November 30,

Amount

  2008 $ 4,289
  2009 4,144
  2010 3,521
  2011 2,639
  2012 1,935
  Thereafter 21,927
   
    $ 38,455

Future rental commitments for leases are not reduced by minimum non-cancelable sublease rentals aggregating $3,051,000 at November 30, 2007.

 

Note Thirteen

 
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